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...Lenihan says housing prices need only appreciate 10% over the next 10 years for NAMA to return a profit on its initial expenditure. But predicting what's around the corner is never easy - as Ireland knows only too well. According to NAMA's draft business plan, a "prolonged property market depression" or "sluggish economic growth" could result in the failure of the scheme. Despite the risks, proponents say it's the only way to ensure that Ireland's banks start lending again. But for residents bearing the brunt of the country's economic slump, NAMA is little more than...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...point you missed: a key factor in "white flight" was government-forced busing in the early '70s. The local schools were the anchors that held together the neighborhoods for many of the young parents and kids of Detroit. It didn't make sense to walk your child to the corner to be bused across the city to another school. Fred Kuplicki, Fraser, Mich...

Author: /time Magazine | Title: Inbox | 10/26/2009 | See Source »

...restless. His jitters can at times make him seem like an overgrown adolescent. Cameras caught him chewing nervously on his tie during last August's war, a gesture he has been careful not to repeat. In my presence, he caught himself several times gnawing, ever so slightly, on the corner of a handkerchief. But these tics are a small price to pay for his biggest asset: his tremendous, limitless energy. Columbia's Mitchell calls it "government by adrenaline." Saakashvili is addicted to quick, dramatic acts of leadership. Particularly in the early years, he got results. One example: when he came...

Author: /time Magazine | Title: The World According to Misha: Georgia's Saakashvili | 10/26/2009 | See Source »

Countries on every corner of this Earth now recognize that energy supplies are growing scarcer, energy demands are growing larger, and rising energy use imperils the planet we will leave to future generations. And that's why the world is now engaged in a peaceful competition to determine the technologies that will power the 21st century. From China to India, from Japan to Germany, nations everywhere are racing to develop new ways to producing and use energy. The nation that wins this competition will be the nation that leads the global economy. I am convinced of that. And I want...

Author: By June Q. Wu | Title: Obama Disses Harvard, Pushes Clean Energy | 10/24/2009 | See Source »

...mistake in “Seinfeld” of thinking that the umbrellas in the metal cans at coffee shops are free. I only take umbrellas that are indubitably lost, like the one I took last week from my section room, which had been forlornly flung into a corner for some time. Since I have contributed so many umbrellas to the great Karmic Circle of Lost Precipitation Inhibitors, I feel that I can justifiably take others that I find. It’s just like those little give-a-penny, take-a-penny trays by cash registers, except with...

Author: By Anna E. Boch | Title: Under Your Umbrella | 10/23/2009 | See Source »

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